Introduction

PowerPay optimizing energy trading.

we will explore how this physical settlement solution can revolutionize the energy trading industry. Join us as we delve into the key features and benefits of PowerPay.

Challenges in Energy Trading

  • The energy trading sector demands efficient solutions amidst complexities and market volatility.
  • PowerPay: a cutting-edge platform offering realtime settlement, risk management, and compliance monitoring.
  • With minimized counterparty risk and enhanced transparency, PowerPay empowers traders to optimize profits.
  • Its seamless integration into existing systems promises to redefine industry standards

Optimizing Energy Trading with PowerPay

  • PowerPay is an innovative communication method facilitating green energy transactions. Utilizing a peer-to-peer trading platform, it fosters competition, security, and transparency in the electricity market.
  • Users can trade energy anonymously or through bilateral deals for hedging or speculation. Through physically settled trading, PowerPay enables forward transactions between producers and consumers.
  • The PowerPay users shall have an energy wallet, with stored money ($ / €) and/or kWh for future energy transactions.

Optimizing Energy Trading with PowerPay

Key characteristics:

  • No direct participation in the wholesale electricity markets
  • Receive real-time or time-lagged measurements from RES Aggregators and Suppliers
  • Optimization of production portfolios
  • least-cost sourcing for supply portfolios
  • Physical settlements for all transactions through the RES Aggregators and the Suppliers
  • Financial settlements are also possible
  • Energy democratization

PowerPay Users

Every physical or legal entity shall be able to open an account in PowerPay using typical KYC procedures. The PowerPay Users shall include:

  • producers with conventional or RES units
  • consumers
  • suppliers / retailers
  • energy investors
  • energy communities
  • energy traders

Each PowerPay user (either physical or legal entity) shall have a PowerPay ID (digital identity), which shall be used as a reference:

  • for all transactions in PowerPay platform
  • for all money transfers from/to banks
  • for EV charging stations owners / operators worldwide

PowerPay Wallet

Each PowerPay user shall have an electronic wallet, where his money (energy coins) shall be stored. The assets in the wallet shall be used for:

  • Charging an EV (instead of a credit card in EV chargers)
  • Paying the suppliers / retailers for the electricity consumed in the user’s residential or commercial buildings / houses
  • Transferring them to other PowerPay users (through bilateral contracts) for their needs
  • Electricity purchases in the Trading Platform for future trading periods (future development)

The wallet shall be connected to all banks, in order to transfer money bidirectionally from or to the wallet.

PowerPay Billing

All settlements shall be billed through the PowerPay billing module, and payments shall be performed in the PowerPay wallet of the users. Netting of debits and credits shall be performed.

The PowerPay users shall be able to leave their deposits to the PowerPay wallet, in order to be used for:

  • Electricity purchases
  • Purchases of goods and services other transactions between family members (family wallet)
  • Purchase of Guarantees of Origin (GOs)
  • Energy trading deals (future development)
  • Withdraw their deposits from their PowerPay wallet to their declared bank account(s) periodically, based on their needs.
PowerPay Billing Image

PowerPay Other Functionalities

  • Family wallet: PowerPay users can transfer kWh within their family to cover electricity bills or consumption, regardless of their supplier.
  • Retail shopping: Users can pay for goods/services using the PowerPay app at retail stores, whether their supplier participates in PowerPay or not.
  • Supplier change: Users can switch from a non-PowerPay supplier to one that participates by: taking a meter photo, PowerPay capturing meter details, and communicating them to the preferred supplier for representation to the Distribution System Operator.
  • Electricity trading: Users can trade electricity through auctions, continuous platforms, or bilaterally. They can also hedge via forward contracts for electricity sale/purchase.

Future Outlook

As the energy trading landscape continues to evolve, PowerPay remains at the forefront of innovation. Explore how PowerPay is poised to adapt to emerging trends and challenges in the energy commodities industry.

Conclusion

In conclusion, PowerPay offers a compelling solution to optimize energy trading through its advanced features and benefits. Embrace the future of energy trading with PowerPay and unlock new opportunities for growth and efficiency